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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Mar 22, 2025 11:28 UTC
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Pi Network Price Crashes 60% – Is the Crypto Project Doomed?
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PI $ 0.9316 (-6.68%) 
Pi Network crashes 60%, falling below $0.90 for the first time since February.
Justin Bons calls Pi Network a potential scam, fueling investor concerns.
Pi Network must break $1.25 resistance to regain bullish momentum and recover losses.
Pi Network (PI), one of the most talked-about cryptocurrencies, has taken a sharp dive, leaving investors on edge. Once trading at $3, the token has now plunged below $0.90, wiping out nearly 60% of its value. This sudden drop has shaken confidence in the project and raised serious questions about its future.
This dramatic fall has raised questions about the project’s future. The situation became even more alarming after Cyber Capital founder Justin Bons called it a potential scam.
With accusations of a potential scam and key technical indicators flashing warning signs, investors are left wondering – can Pi Network recover, or is this the beginning of the end?
Why Is Pi Network Dropping?
The sudden drop in Pi Network’s price has sparked intense debate among traders. Some believe the project lacks transparency, while others see this as just another phase of market fluctuation.
However, technical indicators suggest the downward trend is still strong. One key metric, the Bollinger Band Trend (BBTrend), has fallen to -40, its lowest level ever. This indicates that sellers are still dominating the market.
When BBTrend stays negative for an extended period, it often suggests that prices will keep falling unless buyers step in to reverse the trend.
Oversold or More Downside Ahead? Key Indicators to Watch
Another crucial indicator, the Relative Strength Index (RSI), recently dropped to 17.5, meaning the coin was extremely oversold. It has since recovered to 45, but this is still considered bearish. If the RSI fails to move higher, selling pressure could continue, pushing the price even lower.
Pi Network has now fallen below $1 for the first time since February 22. If the decline continues, the next key support levels to watch are $0.80 and $0.60. If these levels break, it could signal even more weakness ahead.
Can Pi Network Recover? What Needs to Happen
Despite the current bearish trend, a recovery is still possible if buyers regain confidence. The first key resistance level is at $1.25. If the price moves past this, it could rise toward $1.80, which would offer some relief to investors.
For now, Pi Network remains in a risky position. With concerns over its credibility and overall market uncertainty, the coming days will be critical in determining whether the token can bounce back or continue its decline.
Guess we’ll all be watching the charts closely, wondering if Pi’s got a comeback story in it, or if this is just the way the coin crumbles.
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FAQs
Pi Coin is nearing $1, but resistance at $1.20 remains. A breakout could push it to $1.35, with analysts eyeing a potential rally to $3.
If the bullish sentiment sustains, this altcoin could reach as high as $80 this year.
Pi Network received 88% community support in Binance’s new voting model. If Binance follows its listing process, Pi Network could be listed soon.
Yes 
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